Double-Digit Increase in the Salary of Corporate India in 2013: Aon Hewitt

The survey released by Aon Hewitt on 20 February 2013 depicted that there would be a 10.3 percent increase in the salary of Corporate India in 2013.

Created On: Feb 21, 2013 12:23 IST

The survey released by Aon Hewitt, the HR consulting firm, on 20 February 2013 depicted that there would be a double-digit increase in the salary of Corporate India in 2013. However, the economic meltdown might have adverse effect on these calculations. The survey depicted that increments on an average basis in India would be 10.3 percent in comparison to 10.7 percent in 2012.

Sector-Wise increment

• The sector which is expected to have the highest increment is pharmaceutical sector that would witness a hike at 13.5 percent.
• Certain other sectors will also witness a hike and these are medical devices (12.6 percent), consumer business (11.8 percent) and life sciences (13.1 percent).
• The FMCG sector, on the other hand would witness an increase in salary of 12.3 percent on the grounds of expectation of increased consumer demand due to foreign multi-brand retailers entering market after government enabled FDI.
Hike projections on a global level

The salary projections for 2013 are seen healthy because in 2009, the projections were 6.6 percent. Even though India will receive a hike of 10.3 percent, but Hewitt announced that increment in India would rank among the top-5 on the global level. The top five increment receivers will be Venezuela (25.6 percent), Argentina (24.2 percent), Vietnam (12.6 percent), Tanzania (10.6 percent) and India (10.3 percent).

Increment will be on the low side in US (2.7 percent) and UK (3 percent). Even China which is said to be the economy which grows faster, will witness a low hike of 9.3 percent.

For conducting the survey, Hewitt studied a total of 518 organisations across 20 industries as well as 30 sub classifications.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप


Related Stories

Comment (0)

Post Comment

0 + 5 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all